Saturday, June 14, 2014 1:59:20 PM
Over promise, under deliver....yes.
Jumping the gun...hell yes.
Upsetting.....oh yeah.
But misleading, it was not.
The PR was clearly released way too early. It shows the tremendous pressure AG and Shearin are feeling to bring the Zazzz machines to market. The company definitely should have held off until the machines are literally 99.9% ready. My fear is that Stephen has not done his due diligence at Vending Design Works by doing multiple site visits himself and doing QA testing personally. I wouldn't dare issue a PR that the machines are ready until I had poked and kicked each piece of the unit.
What has happened here is common. How many times have major tech companies delayed the release of new machinery? In a reply to my previous post, someone stated that the Zazzz machine is just a "rechipped" snack machine and that is a gross oversimplification. Last I checked most states have very strict vending laws and then there is the whole cannabis aspect, which has its own set of legal and social regulations. Theoretically it sound simple, just tweak a snack machine and you got a product but there are so many hurdles; finding a manufacturer that will build units for an a typical pay structure, fighting outdated state laws.....
Your anger is righteous and as a shareholder you are right to be upset. This is a difficult time for ERBB and the MJ sector as a whole. The failure to deliver on several recent PRs has left us high and dry but Shearin is not trying to mislead anyone. He is trying to use his media knowledge to create interest and recently it has backfired.
If you want to stay long here, keep this in mind:
There is a major demand for cannabis and the legal outlets that sell it will be looking for a way to most effectively sell to customers. Ideally, the Zazzz machines will service both buyer and seller, making for a unique experience.
"Emancipate youself from mental slavery, none but ourselves can free our mind"
-Bob Marley
CBD Life Sciences Inc. (CBDL) Launches High-Demand Mushroom Gummy Line for Targeted Wellness Needs, Tapping into a Booming $20 Billion Market • CBDL • Oct 31, 2024 8:00 AM
Nerds On Site Announces Q1 Growth and New Initiatives for the Remainder of 2024 • NOSUF • Oct 31, 2024 7:01 AM
Innovation Beverage Group Receives Largest Shipment of its Top-Selling Bitters to Date in the U.S.-Ready to Meet Growing Demand from Expanding Distribution Network • IBG • Oct 30, 2024 12:22 PM
Element79 Gold Corp to Update Investors on the Emerging Growth Conference on October 31, 2024 • ELMGF • Oct 30, 2024 9:08 AM
CBD Life Sciences Inc. (CBDL) Announces Grand View Research Report Findings on High - Growth CBD Equine Market, Aiming to Drive Unprecedented Shareholder Value • CBDL • Oct 29, 2024 10:19 AM
Integrated Ventures Announces Partnership And Lease Agreement with Driptide Wellness - Leading Health and Wellness Provider. • INTV • Oct 29, 2024 8:45 AM